Regions Midatlantic
Northern Virginia Office Property Set for $28M Upgrade
May 6, 2008

Century Center, a two-building office property just minutes outside of Washington, D.C. in Crystal City Va., will get a makeover, courtesy of owner Lowe Enterprises Real Estate Group. Together the 13-story structures feature an aggregate 560,000 square feet of office space above 70,000 square feet of storefront retail. Lowe acquired the property four years ago in a transaction valued at approximately $120 million. The company plans to spend $28 million on the renovation program, which is scheduled to reach completion this summer.

 
Recent Midatlantic Headlines
Budget to Save Commercial Property Holders $21M in  D.C.
May 16, 2008
Commercial property holders in Washington, D.C. will save $21 million in savings for the year beginning in October following the D.C. Council's  passage of its 2009 budget, Washington Business Journal reported.
Corus, Lehman Bros. Make D.C. Loans
May 15, 2008
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
Philadelphia Taps Hughes for Green Post
May 15, 2008
According to the Philadelphia Inquirer, Mark Hughes will become the city's sustainability director.
Arent Fox to Relocate D.C. Office
May 15, 2008
Arent Fox L.L.P. has announced that it will relocate its Washington, D.C., office to 1000 Connecticut Ave. upon the expiration of its current lease in 2012.
Busy Few Days for ProLogis with Development, Acquisition, Hiring News
May 14, 2008
The week is only half done and already ProLogis has announced plans for a 220,000-square-foot build-to-suit in Hungary, the purchase of 83 acres in Virginia, and the appointment of a new global executive.